On Monday, Egypt's Minister of Finance Mohamed Maait expressed the Public Investment Fund's interest to create new investment opportunities in Egypt and other sister nations.
In a statement, Maait revealed: "The Saudi government through PIF is looking forward to increasing Saudi investments in Egypt."
"KSA wants to take advantage of the promising investment opportunities the Government of Egypt offers," he noted.
The minister made these remarks during a meeting with Saudi Ambassador to Egypt Osama Al-Nugali to discuss the best ways and means to enhance coordination between Saudi and Egypt's trade sectors.
The meeting also highlighted the investment opportunities Egypt has and showcased the government's efforts to boost partnerships with the private sector.
Both officials also shared the aspirations of the two governments to foster and deepen their ties and bilateral relations for the benefit of their citizens.
It's worth mentioning that Saudi Arabia is the second-largest investor in the Egyptian market, with investments surpassing $6 billion across more than 500 investment projects.
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